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31 HR Acronyms Explained

Genesis HR Solutions

1099: A form that reports income from self employment earnings, interest and dividends, government payments, and more. TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. ( 1099: A form that reports income from self employment earnings, interest and dividends, government payments, and more.

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It’s time to review (or create) your document retention policy

Business Management Daily

Courts and government agencies frown upon individual employees selectively keeping or tossing important documents. Generally, you must keep your records that support an item of income, deduction or credit shown on your tax return until the period of limitations for that tax return runs out. Equal Employment Opportunity Commission.

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What is GINA? The federal discrimination law you need to know.

Business Management Daily

GINA, or the Genetic Information Nondiscrimination Act, outlaws genetic discrimination. If co-workers, for example, find out that a worker or his family member’s genetic disorder, any harassment violates GINA. An Americans With Disabilities Act (ADA) request may reveal a genetically-linked disability. GINA definition.

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Employment law changes to watch in 2021

Insperity

This year, many states have enacted changes in employee leave policies; ended or extended some temporary exemptions put in place due to the coronavirus pandemic; and taken steps to improve diversity, equity and inclusion in the workplace. Coronavirus-related leave laws. Other state family and medical leave law changes.

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May HR News Worth Review

Higginbotham

On April 29, 2022, the IRS released Revenue Procedure 2022-24 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2023. These limits vary based on whether an individual has self-only or family coverage under an HDHP. HSA/HDHP Limits. Employer Takeaway.

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How to HR in a growing company – A guide for every size business

Insperity

In a perfect world, all businesses would operate in strict accordance with the laws and best practices governing HR. Consider hiring a company that specializes in payroll processing to ensure that requisite payroll taxes and deductions are withheld. Unfortunately, that’s not always how things work. Nice-to-haves. 20 to 49 employees.

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2nd COVID-19 Relief Bill Includes Many Other Changes 2021 & 2022!

Fringe Benefit Analysts

COVID Relief, No Surprises Act, FSA and DCAP Extensions, Transparency, and HIPAA Privacy Updates. . . Features of the Consolidated Appropriations Act. . The Consolidated Appropriations Act of 2021 (The Act) was signed into law on December 28th by President Trump. The required leave ended on December 31, 2020.